Letter Not Binding In Mall Project Row, NY Developer Says

Law360, New York (September 18, 2012, 7:25 PM EDT) -- Wilder Balter Partners Inc. moved for summary judgment Tuesday in New York federal court in a contract case against a New Jersey company over a shopping center project, claiming a letter of consent to consider a joint venture with the company did not constitute a binding agreement.

The New York-based shopping center developer said the letter of consent it signed with M&M Realty Partners LLC in February 2011 explicitly states that it is not a binding document in any way. Wilder Balter and M&M agreed in...
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